Former CFTC Chairman Chris Giancarlo has moved from regulating digital currencies to fighting for one with the launch of the Digital Dollar Foundation.
J. Christopher Giancarlo, who resigned from the CFTC earlier this year, has landed at the swanky midtown Manhattan offices of leading law firm Willkie Farr & Gallagher. From his perch as Chairman of the Commodity Futures Trading Commission, Giancarlo was a forceful advocate for American cryptocurrency and blockchain innovation.
The Commodity Futures Trading Commission (CFTC) is losing one of its top blockchain-friendly officials to the private sector. Daniel Gorfine, the agency's first chief innovation office and the director in charge of LabCFTC, is quitting the agency in two weeks to go back to the private sector. There is no word yet where he is going.
How the CFTC views crypto and distributed ledger technology will have significant impact on how they develop over the coming years. To get an idea of the CFTC’s approach, we met with Daniel Gorfine, the agency’s chief innovation officer and director of their “LabCFTC” which, as they describe it, is “designed to be the hub for the agency's engagement with the FinTech innovation community.” Gorfine often travels from city to city for LabCFTC’s “office hours,” where innovators can come and meet with the agency to ask questions. We decided to ask some questions ourselves.